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Feb 13, 2013
02/13
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wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses and you wouldn't have it any other way.e. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an
wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and...
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Feb 14, 2013
02/13
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. >> on keystone, remember what we have now in the center of the u.s. is the price of oil is below the world price. if you build the keystone oil pipeline, what is going to happen is the price of oil in the center of the united states is going to go up by about $20 a barrel. and the major beneficiaries are going to be the producers of the oil in canada and a few refinery owners in the midwest. so i think to portray that as if it is equivalent to the benefits that we're going to get from the domestic drilling for natural gas i think -- >> explain to me why just on this point producing more oil is going to lift the price of oil. i don't get that. >> we were talking about the keystone pipeline. >> i am. that just shifts it to the refiners so the possibility exists that gasoline prices may come down. >> no. the keystone pipeline takes the oil from canada and gets it to the gulf of mexico. right now that gets into the center of the country and there's a distribution bottle neck that it can't get out on to the world market. that's why the curbing oil price is
. >> on keystone, remember what we have now in the center of the u.s. is the price of oil is below the world price. if you build the keystone oil pipeline, what is going to happen is the price of oil in the center of the united states is going to go up by about $20 a barrel. and the major beneficiaries are going to be the producers of the oil in canada and a few refinery owners in the midwest. so i think to portray that as if it is equivalent to the benefits that we're going to get from...
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Feb 16, 2013
02/13
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u.s. marshals for two weeks would reduce the capacity to apprehend violent fugitives, sex offenders, and protect witnesses and judges. u.s. attorneys could handle 2,600 fewer cases than last year, reducing the ability to collect billions of dollars owed to the government. the attorney general emphasizes in that memo sequestration is not just a cuts in washington phenomenon. now some of the doomsday scenarios we heard this week may get a more immediate reaction from lawmakers and citizens. yesterday homeland security secretary janet napolitano said if sequestration lasts more than a month and there are forced furloughs of airport security personnel and air traffic controllers, the start of the spring travel season could feature nightmarish delays and long lines at the nation's major airports for international and domestic travelers. meanwhile, leaders of government employee unions are going to be spending a big part of there president's day weekend getting out the ward to their members abou
u.s. marshals for two weeks would reduce the capacity to apprehend violent fugitives, sex offenders, and protect witnesses and judges. u.s. attorneys could handle 2,600 fewer cases than last year, reducing the ability to collect billions of dollars owed to the government. the attorney general emphasizes in that memo sequestration is not just a cuts in washington phenomenon. now some of the doomsday scenarios we heard this week may get a more immediate reaction from lawmakers and citizens....
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Feb 5, 2013
02/13
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i think the u.s. is kind of okay. it's a great time to double down on some of the issues that got beaten up overnight. >> don luskin, it's not a throwaway line. here's obama on the super bowl interview. the guy's talking about raising taxes. he needs to go after investment partnership. harry reid wants to go after oil and gas companies and lord knows what. that kind of tax carpet bombing would generate a correction in the market. the market absorbed the last tax hike okay. but we don't want to push our luck, it seems to me. >> i think we're pushing our luck already. the market has yet to wake up to the reality of the last tax hike. the problem is obama puts the threats out because this is his way of premeg nating with republicans who are going to come to him in the debate about the sequesters and continuing resolution. obama is saying, don't even talk to me about entitlement reforms. if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold
i think the u.s. is kind of okay. it's a great time to double down on some of the issues that got beaten up overnight. >> don luskin, it's not a throwaway line. here's obama on the super bowl interview. the guy's talking about raising taxes. he needs to go after investment partnership. harry reid wants to go after oil and gas companies and lord knows what. that kind of tax carpet bombing would generate a correction in the market. the market absorbed the last tax hike okay. but we don't...
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Feb 6, 2013
02/13
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. ♪ >>> u.s. government is suing s&p and its parent company mcgraw hill perhaps for as much as $5 million over its massive ratings mistakes on mortgage bonds and subprime issues. so far only s&p is being sued. while s&p's parent mcgraw hill stock dropped by 24%, moody's is also down by 20% since this news broke. let's ask two key questions right up front. first, is there a smoking gun inside s&p? or is this political pay back for s&p cutting the u.s. debt rating back in 2011? here's what the attorney for standard & poor's floyd abrams told david faber on cnbc earlier today. >> i don't think anyone knows. is it true that after the downgrade the intensity of the investigation significantly increased? yeah. i'm sure the government would say that it had nothing to do with it. we don't know why. >> but it did increase after the downgrade. >> yeah. >> but you don't though wt tho'. >> how could i? >> eric holder addressed that at his press conference today. >> they did what they did assessing what the cr
. ♪ >>> u.s. government is suing s&p and its parent company mcgraw hill perhaps for as much as $5 million over its massive ratings mistakes on mortgage bonds and subprime issues. so far only s&p is being sued. while s&p's parent mcgraw hill stock dropped by 24%, moody's is also down by 20% since this news broke. let's ask two key questions right up front. first, is there a smoking gun inside s&p? or is this political pay back for s&p cutting the u.s. debt rating...
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Feb 9, 2013
02/13
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the u.s. senate. that could kill him. we'll have the latest. and please don't forget, free market capitalism is the best path to prosperity. that includes lower spending and limited government. i'm larry kudlow. we'll be right back. ♪ get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or mor . welcome back. we'll take a quick look at the stock market. we bring in cnbc's courtney reagan to give us a rundown. >> reporter: of course we've got a lot of snow out there. traders did go to work, some of them. at least we had
the u.s. senate. that could kill him. we'll have the latest. and please don't forget, free market capitalism is the best path to prosperity. that includes lower spending and limited government. i'm larry kudlow. we'll be right back. ♪ get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. all right that's a fifth-floor...
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Feb 26, 2013
02/13
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i think that's the threat to the u.s. stock market. you have over three quarters of u.s. companies that have reported fourth quarter earnings. almost 72% have surpassed estimates. the earnings are terrific here. >> why would you call an end to the rally? >> i wouldn't call an end. the republicans are winning. we're going to cover that in the rest of the show. >> risk capital is very nervous because they heard the president's speech and saw bigger government and more spending. that's what got us into this mess in the first place. >> jim, are you nervous capital? >> i like to see other people nervous. volatility was too low. the market had gone too far too fast. this is a welcome correction. i know i'm not the first guy to say that. the italian thing is a great excuse, but it turns out people don't want to vote for their own austerity. it's shocking to me. i'm sure it is to you as well. there's reasons to sell off, but the most important reason is that people are not worried enough. there's been money pouring into the stock market and now we're reminded that there could be
i think that's the threat to the u.s. stock market. you have over three quarters of u.s. companies that have reported fourth quarter earnings. almost 72% have surpassed estimates. the earnings are terrific here. >> why would you call an end to the rally? >> i wouldn't call an end. the republicans are winning. we're going to cover that in the rest of the show. >> risk capital is very nervous because they heard the president's speech and saw bigger government and more spending....
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Feb 21, 2013
02/13
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said, quote, a week from now, a dramatic new federal policy is set to go into effect that threatens u.s. national security, thousands of jobs and more. whoa. that sounds like president obama's argument. that's why i didn't get it as much as i admire boehner. i've got to talk about this. in fact, i've got to talk about it with one of the best economists in the house. vice chair of the joint economic committee. actually, kevin, aren't you the chairman of the joint economic committee now? >> i am incoming chairman, yes. >> well, that's good to hear. but i didn't understand. what's mr. boehner saying? threatens national security? thousands of jobs and more. that's what president obama's saying. what message is boehner sending? you explain this to me. >> look, i think part of the challenge is that these cuts aren't designed the way we would want them. we are worried, of course, about the cuts to national defense. but overall, for us, this issue is about growth. put this in perspective, if the economy were a football field, these spending cuts are one step. one step on that field. we've tried
said, quote, a week from now, a dramatic new federal policy is set to go into effect that threatens u.s. national security, thousands of jobs and more. whoa. that sounds like president obama's argument. that's why i didn't get it as much as i admire boehner. i've got to talk about this. in fact, i've got to talk about it with one of the best economists in the house. vice chair of the joint economic committee. actually, kevin, aren't you the chairman of the joint economic committee now? >>...
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Feb 15, 2013
02/13
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first up, president obama on the road this week promising to be the champion of the u.s. manufacturing revival. my next guest has a message for him, get off the road and get to work in washington. jay timmons told business leaders in detroit obama's inability to compromise with gop lawmakers on looming budget cuts is causing manufacturers to pull back from hiring and their expansion plans. jay timmons, welcome back to the show. i'm shocked, shocked that obama gives a state of the union message and then goes out campaign style to sell it. i'm shocked. are you? >> well, quite frankly, we're very happy, larry, that the president is talking about manufacturing. we like it when anybody, republican, democrat in washington talks about manufacturing. we just want to see action. we want to see a growth plan put into place so that we can actually start creating manufacturing jobs. >> what kind of growth plans? obama wants to single out manufacturing. he wants to give you all tax credits if you open up plants in the united states, wants 15 hubs around the country for research center
first up, president obama on the road this week promising to be the champion of the u.s. manufacturing revival. my next guest has a message for him, get off the road and get to work in washington. jay timmons told business leaders in detroit obama's inability to compromise with gop lawmakers on looming budget cuts is causing manufacturers to pull back from hiring and their expansion plans. jay timmons, welcome back to the show. i'm shocked, shocked that obama gives a state of the union message...
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Feb 27, 2013
02/13
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and giving us jobs. >> that qualifies as u.s. >> it is giving us money in the u.s. you have chath noog a tennessee, building past sats there and i also think they overlooked on the list the jetta diesel. it is completely overlooked and a hybrid that gets better fuel economy than a lot of had i brids out there. i have a deasel and fell in love with it. i think it is fantastic. she have sigh coming out with their own diesel. >> it is very interesting. are the hybrids going to make it? are the electric battery cars going to make it? >> i think you need to have radical angz in technology to work. they're too heavy. too bulky. too limited in range. so the hybrid is a way of making an even more complicated vehicle because now you have combustion engine plus an electric one. i frankly think that better than that would not gas powered thing. >> i owned a hybrid suv and i won't name the name, but it was a disaster. thank you. you're all great to do this. that's it for this evening's show. i am larry kudlow. i own an american car and didn't get a bailout either. we will see y
and giving us jobs. >> that qualifies as u.s. >> it is giving us money in the u.s. you have chath noog a tennessee, building past sats there and i also think they overlooked on the list the jetta diesel. it is completely overlooked and a hybrid that gets better fuel economy than a lot of had i brids out there. i have a deasel and fell in love with it. i think it is fantastic. she have sigh coming out with their own diesel. >> it is very interesting. are the hybrids going to...
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Feb 22, 2013
02/13
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the u.s. postal service®, no business too small. >>> it's gone largely unnoticed but a new report today warns federal retirement pensions could go bankrupt. they could. get this. the unfunded liability of the federal government's pension system surged to $761.5 billion in 2011 and that's up 139 billion from its deficit in 2010. let's discuss this. we have steer moore, keith boykin. steve they are down $760 odd billion. how will this get resolved. it's like social security. >> yeah. by the way, washington, d.c. pension deficit is better than california's. that's a big number you're talking about here. i want to emphasize one thing to the viewers. this has nothing to do with the budget deficit that you guys were just talking about. this is an addition to the trillion dollar deficits we're running. these are not officially on the books. it's money that the federal government owe these federal retirees. i would make two comments about it. number one, as you know, you covered this, the federal pen
the u.s. postal service®, no business too small. >>> it's gone largely unnoticed but a new report today warns federal retirement pensions could go bankrupt. they could. get this. the unfunded liability of the federal government's pension system surged to $761.5 billion in 2011 and that's up 139 billion from its deficit in 2010. let's discuss this. we have steer moore, keith boykin. steve they are down $760 odd billion. how will this get resolved. it's like social security. >>...
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Feb 1, 2013
02/13
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maybe the u.s. government should do that. let's take medicare and medicaid and put them all into the state exchanges. the problem is you can't pay that. >> you can't. can't afford it. >> i'll give you last word on this, phil. >> it looks like this is turning into an effort to blame unions for the health care mess that we have been in for a long time. we spend more money in health care than any country with mediocre outcomes. it would have been nice if the republicans, when they were in charge of the white house for many years, tackle this problem. >> i agree with you on that. in that sense, i'm not going to be partisan. now that the labor union democratic supporters of obama read the fine print, and we all get a taste of the cost overruns and the potential tax hikes, people are going to go nuts over this. they're not going to buy into it. i got to get out of here. grace-marie, phil, appreciate it. we're just about an hour away from a program here on cnbc that people are just dying the see. it's all about the big bucks and big
maybe the u.s. government should do that. let's take medicare and medicaid and put them all into the state exchanges. the problem is you can't pay that. >> you can't. can't afford it. >> i'll give you last word on this, phil. >> it looks like this is turning into an effort to blame unions for the health care mess that we have been in for a long time. we spend more money in health care than any country with mediocre outcomes. it would have been nice if the republicans, when...
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Feb 28, 2013
02/13
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the fed is the only place that the u.s. government can sell its bonds. the entire -- >> they don't sell directly. >> what's happening is the fed is printing it, buying these mortgage backed securities, giving them to banks and bore roger it back at 3.5. federal deficit is around 700 or 800 billion right now. does the number 85 billion a month sound familiar? it's basically they are printing enough to lend them to the federal government. >> don luskin that sounds like a latin style central bank policy. do you agree with mr. morris? >> yeah. i kind of do to be honest with you. the fed unfortunately has started using fiscal instruments to carry out monetary policy. it's lost its independence. it's going to be v-very difficult for the fed to get out of this. they have to find somebody to buy these products. >> up don't think there's any upside to stocks? i beg to differ. i think profits are good. fed easy money not my favorite thing in the long run. what about budget cuts don luskin. >> i am for budget cuts but please forgive me for pointing out this contrad
the fed is the only place that the u.s. government can sell its bonds. the entire -- >> they don't sell directly. >> what's happening is the fed is printing it, buying these mortgage backed securities, giving them to banks and bore roger it back at 3.5. federal deficit is around 700 or 800 billion right now. does the number 85 billion a month sound familiar? it's basically they are printing enough to lend them to the federal government. >> don luskin that sounds like a latin...
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Feb 8, 2013
02/13
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the u.s. postal service®, no business too small. >>> a huge snowstorm is going to hit the northeast tomorrow. how bad is it going to be? the weather channel's jim cantore is live in boston for us tonight. good evening, jim. what does it look like? >> larry, it's not often that i bring one of these with me when i come to do a weather report, but i got this one. so if this gives you an idea what we're talking about, this is three feet of snow. there is a forecast for two to three feet of snow across a good part of massachusetts, southern new hampshire into maine, connecticut, even new york city now with blizzard warnings, expecting 12 to 18 inches there. this is going to be a blockbuster storm. the big question is can we get everybody off the roads in time? that's what the desire is hout . the government says, look, i want all unnecessary vehicles off the road by noon tomorrow. so if we have a scene like you see behind me here, larry, where i-93 is backlogged at this time tomorrow night, we're
the u.s. postal service®, no business too small. >>> a huge snowstorm is going to hit the northeast tomorrow. how bad is it going to be? the weather channel's jim cantore is live in boston for us tonight. good evening, jim. what does it look like? >> larry, it's not often that i bring one of these with me when i come to do a weather report, but i got this one. so if this gives you an idea what we're talking about, this is three feet of snow. there is a forecast for two to three...
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Feb 12, 2013
02/13
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not in the u.s. >> don't you love what the japanese are doing? depreciating, saving the world from deflation? >> debasing the currency? >> it's the right thing to do. >> i'm not in favor of debasing the currency. you're a money shufflers. >> i am a money shufflers. or used to be. i think they're saving the world economy by doing this. >> well, i own shares and they're making them go through the roof. i guess in that sense i have to say thank you. but debasing money and printing money is not a good thing. you sound like dr. bernanke. all you guys that went to princeton sound the same. >> i hate to do that, but he's right about japan. bob, welcome back. a lot of business people. big front page story today. a lot of business people not optimistic about the market as some investors are. this article suggests that -- earnings won't either. your take? >> i think it's a mixed bag in a muddle through kind of economy. and we're now looking at businesses who have tons of cash, arguably half of corporate america's balance sheets has never been stronger. and
not in the u.s. >> don't you love what the japanese are doing? depreciating, saving the world from deflation? >> debasing the currency? >> it's the right thing to do. >> i'm not in favor of debasing the currency. you're a money shufflers. >> i am a money shufflers. or used to be. i think they're saving the world economy by doing this. >> well, i own shares and they're making them go through the roof. i guess in that sense i have to say thank you. but debasing...
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Feb 23, 2013
02/13
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let us bring in retired u.s. army general barry mccav raye. he's a military analyst for nbc news. general mccaffrey, welcome back. i just want to ask you this. if the defense department had more flexibility. all right? and let's say they had all the flexibility in the world, which i think is coming, can these cuts be made? can they meet the cuts? it's 500 billion over ten years, but it starts real slow. it's less than $20 billion in 2013. if you have flexibility, barry, can they do it? >> wait. in 2013 it's $46 billion in 22 weeks. >> no, it's not. not cash outlays. >> military pay is exempt and a lot of these contracts can't be affected. so in essence, in a reasonably short period of seven months of the year, you're going to see the department of defense go to fuel expenditures, spare parts, training, furloughing our 800,000 civilian employees, maybe one day a week. who knows? i mean, how do you furlough the people that run dining facilities at fort bragg, north carolina or in afghanistan? by the way, we've got a $6 billion a month war going on. so look, larry, at the end of the
let us bring in retired u.s. army general barry mccav raye. he's a military analyst for nbc news. general mccaffrey, welcome back. i just want to ask you this. if the defense department had more flexibility. all right? and let's say they had all the flexibility in the world, which i think is coming, can these cuts be made? can they meet the cuts? it's 500 billion over ten years, but it starts real slow. it's less than $20 billion in 2013. if you have flexibility, barry, can they do it? >>...